Household Vacuum Cleaners Market in Asia Pacific Region is Expected to Record CAGR of 5.3% By 2024 | Leading Players are Haier, Electrolux, Miele, Stanley Black & Decker, Eureka Forbes, TTI Floor Care, LG Corporation, Panasonic and Samsung

Asia Pacific household vacuum cleaners market revenue was worth $3.8 billion for 2015 and expected to record CAGR of 5.3% during forecast timeline. Heavy demand from nations like China, India and Japan are predicted to contribute towards regional industry expansion.In 2014, 82% of the population were living in urban areas of North America. Latin America & Caribbean had 80% urbanized population whereas, in Europe, 73% of people were leaving in urban areas. Global household vacuum cleaners market is segmented into geographical locations like Asia Pacific, Europe, North America, MEA and LATAM.
Household Vacuum Cleaners market is expected to grow at a rate of 4.6% over the period of 2018-2024. Changing urban lifestyles and demand for precise & real time technologies will mainly drive the household vacuum cleaners market over the coming timeframe.

Request for Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/709

Increasing awareness pertaining to time-efficiency, convenience and benefits derived due to vacuum cleaners use is expected to promote household vacuum cleaners market trends over the coming years. swift advancements in technology supporting innovations will make it more energy efficient, economical, and user-friendly.
high power supply charges per unit are predicted to hinder the global household vacuum cleaners market growth as these equipment’s utilize significant proportion of power for its functions. Countries with relatively low average disposable incomes (or low per capita incomes) are cost sensitive and hence high energy consumption by these items can discourage consumers to purchase these items. All these factors can also hinder the industry growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/709

Dyson, Bissel, and Dirt Devil are competitors developing stick vacuum cleaners with advanced cleaning ability and with competitive pricing. The companies are introducing high technology stick vacuum cleaners for addressing quick cleaning need. For instance, in December 2016, Hoover introduced LiNX Signature Cordless stick vacuum cleaner. This product features sleek design and powerful performance for all floor types and for furniture cleaning. iRobot launched Roomba 900 series has the unique feature of self-recharging. It can recharge itself with home base charging station and resume the cleaning task. It also has innovative cleaning technology and other features which requiring more maintenance.
Key industry participants profiled in the global household vacuum cleaners market research report include Oreck Corporation, Bissell Incorporation, Haier Group, Electrolux Group, Miele, Dyson Limited, Stanley Black & Decker, Eureka Forbes Limited, TTI Floor Care, Royal Philips Electronics, LG Corporation, Panasonic Corporation, iRobot Corporation and Samsung.

Browse Complete Report @ https://www.gminsights.com/industry-analysis/household-vacuum-cleaners-market

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.